Profit taking slowing down15 Oct 2024 08:19
After a great run and two very decent price targets, profit takers who were under water have found the break even or in profit levels that allowed them to get out or at the very least enabled them to set stop losses that they had not in place the first time round
The reversal from £3 in my opinion has now opened up an opportunity for the shorts to find the exit and institutions to get an entry on the new 250 status with passive funds getting their opportunity to get in.
We may not hover around these prices for long. the RNS flow in recent times has validated the SP rise and with future positive news flow CWR will be £5 plus soon enough
Mind the stops as they say because this fishing trip is filling the institutions coffers